EBRD outlines five-year strategy for Turkey
The European Bank for Reconstruction and Development (EBRD) unveiled on Tuesday its new investment strategy for Turkey for the next five years, ending in 2029. EBRD said it aims to continue its support for the country’s economic growth and development through investments in key areas.
Key Priorities:
- Green Transition and Climate Resilience: The EBRD will prioritise investments in renewable energy, energy efficiency, and climate-resilient infrastructure.
- Human Capital Development: The bank will focus on initiatives that promote gender equality, social inclusion, and skill development.
- Enhanced Competitiveness: The EBRD will support measures to boost Türkiye’s competitiveness, including investments in innovation, technology, and digitalization.
- Infrastructure and Regional Integration: The Bank will continue to invest in transportation, energy, and digital infrastructure projects to strengthen Türkiye’s connectivity and integration with regional markets.
In recent years, the EBRD has invested over €10 billion in various sectors in the country. The bank asserted that it would continue to work closely with the Turkish government and private sector to address challenges and seize opportunities.
Despite facing economic headwinds, Turkey is expected to achieve growth rates of 2.7 per cent in 2024 and 3.0 per cent in 2025.
Attribution: EBRD
